Retirement Systems of Alabama Sells 19,746 Shares of KBR, Inc. (NYSE:KBR)

Retirement Systems of Alabama reduced its stake in shares of KBR, Inc. (NYSE:KBR) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,021 shares of the construction company’s stock after selling 19,746 shares during the period. Retirement Systems of Alabama owned 0.24% of KBR worth $20,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of KBR in the 3rd quarter valued at approximately $26,000. Larson Financial Group LLC boosted its position in KBR by 2,029.2% during the second quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $33,000 after purchasing an additional 487 shares during the period. CWM LLC grew its holdings in KBR by 39.4% during the second quarter. CWM LLC now owns 817 shares of the construction company’s stock valued at $52,000 after purchasing an additional 231 shares during the last quarter. Quarry LP raised its position in shares of KBR by 454.7% in the second quarter. Quarry LP now owns 821 shares of the construction company’s stock valued at $53,000 after purchasing an additional 673 shares during the period. Finally, Eastern Bank acquired a new stake in shares of KBR in the third quarter worth $65,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KBR. TD Cowen lowered shares of KBR from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research note on Friday, September 6th. KeyCorp raised their price target on KBR from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup boosted their price objective on KBR from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded KBR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $84.00 price target on shares of KBR in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.14.

KBR Trading Down 0.1 %

Shares of KBR opened at $58.47 on Friday. The stock’s 50-day moving average price is $64.95 and its 200 day moving average price is $64.93. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. KBR, Inc. has a 12-month low of $51.60 and a 12-month high of $72.60. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.18 and a beta of 0.84.

KBR (NYSE:KBR) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. KBR had a return on equity of 28.87% and a net margin of 4.35%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $0.75 earnings per share. KBR’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts predict that KBR, Inc. will post 3.27 earnings per share for the current year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. KBR’s payout ratio is currently 25.21%.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.